If you own or manage a commercial building or business, you should consider obtaining commercial earthquake insurance. Most California commercial insurance policies do not include earthquake coverage, and it’s something that one should have. Earthquakes are apart of being in California, and we just never know when it’s going to happen.
What Does California Commercial Earthquake Insurance Cover?
California business earthquake insurance covers:
- Damage to the building
- Damage to your business property
- Loss of business income while the building is being rebuilt
- Building code upgrades
These are just the typical coverages, but no insurance policy is one size fits all. One of our experienced brokers will go through all the coverages and things that you need out of your insurance to make sure it’s right.
There are many different options for deductibles when it comes to earthquake insurance. Deductibles for commercial earthquake insurance come in percentages, instead of fixed amounts. You can choose the percentage of the deductible, ranging anywhere from about 5% to 25% of the policy’s limit. The higher the deductible is, the less expensive the premiums will be.
Earthquakes can be very catastrophic and making sure your building or business is covered is imperative. Call 949-450-1822 or email info@unity1.com to get a free quote. Do not wait until after an earthquake hits to get insurance, any damage that has already been had will not be covered. Insurance carriers will usually not sell earthquake insurance for a little bit after an earthquake as well, and premiums will likely be much higher. So don’t wait, get your business earthquake insurance now!
